Management Financial Performance Research Articles

A Comparative Study on Relation Between ROE and Standard Deviation of Public Sector Company National Stock Exchange

This study investigates the relationship between Return on Equity (ROE) and Standard Deviation (SD) of public sector companies listed on the National Stock Exchange (NSE). ROE serves as a measure of profitability, reflecting a company's ability to generate earnings from shareholders' equity, while SD represents the volatility or risk associated with the stock returns of a company. Understanding the interplay between these two metrics is crucial for investors seeking to optimize their investment portfolios by balancing risk and return. Over a five-year period, this comparative study analyzes the ROE and SD of public sector companies on the NSE, aiming to uncover any significant correlations between these metrics. By conducting statistical analysis, including correlation and regression analysis, we seek to identify patterns and trends that can provide valuable insights into the financial performance and risk profiles of public sector companies. The study is motivated by the need to offer empirical evidence and insights that can assist investors in making informed decisions regarding their investments in public sector companies on the NSE. By examining the relationship between ROE and SD, we aim to provide investors with a deeper understanding of the risk-return trade off inherent in these companies, thus enabling them to better manage their investment strategies and portfolios. Through the findings of this study, investors can gain insights into the financial health and risk characteristics of public sector companies on the NSE, facilitating more informed investment decisions. Additionally, the study contributes to the existing body of research on financial performance and risk management in the context of government-owned enterprises, offering valuable implications for both investors and policymakers.

The Role of Operational Performance as a Mediator in the Influence of Supply Chain Management Practices on the Financial Performance of MSMEs

<p><em>Financial performance is a tool for measuring the success of a business. Managers can make appropriate decisions by reviewing the results of the company's financial performance. One of the aspects believed to influence the financial performance of a company is operational performance. Of course, this must be done through supply chain management practices in order to achieve good financial performance of the company. This research aims to determine the mediating role of company operational performance in the influence of supply chain management (SCM) practices on company financial performance. A quantitative approach was carried out by distributing questionnaires to 100 business leaders. Primary data consists of the results of filling out a questionnaire by the business owner. The data collection technique uses a survey method by distributing questionnaires to respondents, namely business owners. The MSMEs in question are 100 MSMEs located in Yogyakarta. Validity and reliability tests are carried out before implementing research analysis techniques. In this research, we examine the effect of SCM practices on financial performance through the operational performance of micro, small and medium enterprises in Bantul Regency, Yogyakarta Special Region (UMKM). The analysis technique uses structural equation modeling-partial least squares (SEM-PLS) with the WrapPLS application. The researchers estimated the results of direct effects and indirect effects. The research results prove that operational performance as a mediator in SCM practices influences the financial performance of the company. Apart from this, it is also proven that supply chain management has influence on operational performance, operational performance has influence on financial performance and supply chain management also has a direct influence on financial performance.</em></p>

Analysis of QRIS Payment System Financial Literacy and Financial Management Performance on the Development of MSMEs

Research purposes This is for analyze use system QRIS payments, literacy finance, performance management. Types of research This is descriptive quantitative, data collection using instrument study with those who have determined based on development theory between variable. Population in research This as many as 85 perpetrators businesses in the district Pandeglang and all over perpetrator as many as 85 business actors were created sample data observation. The data analysis method uses interpretation SPSS statistics 25. Research results show that QRIS, Literacy finance, Performance Management finance No influential or not impact to development MSME income in the sub-district Pandeglang. Recommendation for research Next, you can adding variables like variable satisfaction, attitude in use, motivation usage, and others so that expected results study the later can become donation thoughts and materials consideration so that you can increase use of QRIS. Implications Of these variables, financial literacy has the greatest influence on interest in using QRIS. Therefore, the government needs pay attention to and strengthen policies, especially in the field of financial literacy, as the main factor in increasing the interest of MSMEs and the public in using QRIS as a means of payment transactions.

FAKTOR-FAKTOR YANG MEMENGARUHI KINERJA KEUANGAN

This study was conducted with the aim of obtaining empirical evidence regarding the effect of liquidity, firm size, asset growth, managerial ownership, independent commissioners, and earnings management on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in 2017 to 2020. Using the purposive method sampling so that the sample used is 40 manufacturing companies that have been selected and the data used for four years is 160 data. This study uses secondary data in the form of financial statements that are processed with Eviews 12 software. The results of this study indicate that liquidity, business size, managerial ownership, and independent commissioners have no negative effect on financial performance, while asset growth has a positive effect on financial performance and earnings management. does not have a positive effect on financial performance.

Determinan Nilai Perusahaan LQ 45 dengan Ukuran Perusahaan sebagai Pemoderasi

This study investigates the role of firm size as a moderating of profitability, leverage on firm value. This study uses Price Book Value (PBV) as a proxy for firm value in LQ45 index companies for the 2017-2021 period which has not been used by previous research. The findings of this study indicate that Return on Assets and Return on Equity as proxies for profitability have no effect on firm value. Then, company size has a significant effect on firm value, while the Debt to Asset Ratio and Debt to Equity Ratio as leverage proxies have no effect on firm value. Firm size can weaken the effect of profitability on firm value. Firm size can also moderate the relationship between leverage and firm value. The findings of this study imply that company size plays an important role in attracting investors, but if it is not accompanied by good financial performance management, it will actually lead to negative perceptions about the company's financial performance.

Analisis Sumber dan Penggunaan Modal Kerja pada PT. BPR Anugerahdharma Yuwana Cabang Ambulu Kabupaten Jember

This research aims to analyze the sources and use of working capital at PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency 2021 – 2022. The data used in this research are qualitative data and quantitative data from PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency. The analytical method used is a quantitative descriptive method, namely by analyzing the balance sheet financial report of PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency in 2021 – 2022 to find out the source and use of working capital. From the results of the analysis it was found that working capital at PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency experienced an increase of Rp. 158,850,227. Meanwhile, from the report on sources and use of working capital, it is known that the source of working capital is greater than the use of working capital so that the financial management performance of PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency is getting better.

Enhancing financial performance and risk management in Kazakhstan’s banking sector

This study aims to assess the impact of regulatory compliance on the effectiveness of risk management and the financial performance of Kazakhstan’s banking sector. Applying Structural Equation Modeling (SEM), the study examines data from Kazakhstani banking institutions, revealing the direct and mediated impacts of regulatory compliance on financial performance, with risk management efficacy as a key intermediary. The analysis identifies a significant direct relationship between regulatory compliance and risk management efficacy (coefficient: 0.45, p-value: < 0.001), suggesting that compliance efforts substantially bolster risk management capabilities. The impact of risk management efficacy on financial performance is also notable (coefficient: 0.35, p-value: < 0.001), confirming its crucial role in financial success. Additionally, a direct, though less pronounced, influence of regulatory compliance on financial performance is observed (coefficient: 0.20, p-value: 0.004). The model’s explanatory power is reflected in an R-squared value of 0.248, indicating that it accounts for approximately 24.8% of the variability in financial performance. These findings underline the critical role of regulatory adherence and effective risk management in ensuring financial success, offering strategic insights for banking operations in Kazakhstan.

Spurring SMEs’ performance through business intelligence, organizational and network learning, customer value anticipation, and innovation - Empirical evidence of the creative economy sector in East Java, Indonesia

Several studies have explored firm performance in the post-Covid-19 pandemic era. However, there is not much research to find reports divulging the complex relationship dynamics between business intelligence, organizational and network learning, customer value anticipation, and creative economy-based small-medium enterprises (SMEs) performance in developing countries. This study aims to uncover the complexity of those relationships. The quantitative data were collected from 313 creative economy-based SMEs in East Java, Indonesia. Using PLS-SEM, this study disclosed that business intelligence practices could not directly impact SMEs' performance. Business intelligence will be crucial to SMEs' performance with the support of organizational learning as a mediator. The finding also confirmed the presence of serial mediation of organizational learning and innovation in the relationship between business intelligence and SMEs' performance. However, the role of network learning and innovation is also important, considering their relatively large direct impact on SMEs’ performance. The theoretical implications of this research broke the boundaries of strategic management theory in resource-based view and knowledge-based view in the latest era, where creative economy-based SMEs have been able to mobilize resources to carry out business intelligence to realize innovation and high performance. Further research is suggested to explore the role of business intelligence in promoting specific performance areas, such as marketing performance, financial performance, and human resource management. In addition, it is advisable to choose more specific research subjects, including those in the culinary subsector, and pay attention to other areas, e.g., the demographics of respondents in the model as a control variable.

Review Literature: Analysis of Profitability Ratios and Liquidity Ratios to Assess Financial Performance

This research discusses the analysis of profitability ratios and liquidity ratios to assess financial performance. Research is really needed because calculating ratios is really needed by a company, namely to determine the good and bad performance of a company's financial management. This research uses a literature review method with data and 5 scientific journals that have been reviewed. Based on the results of the analysis of profitability ratios and liquidity ratios to assess financial performance, the analysis of profitability ratios and liquidity ratios shows that the financial performance obtained from these two ratios, overall profitability performance shows good value and satisfactory results, because it is below the industry average and Financial performance is important because it can help measure the efficiency of financial management, support the decision-making process, facilitate future predictions, and enable performance comparisons with other companies in the same industrial sector. By understanding the significance of profitability ratios and liquidity ratios in the context of financial performance, this information can be used as a basis for decision making and evaluating company performance as well as to see the good and bad conditions of financial management by the company and as information on investment considerations in a company's shares.

Moving beyond the ‘budget dance’

The annual budgeting process is a valuable opportunity for districts to systematically examine both resource use and programming. They can then use the findings to optimize resource use and improve program efficacy in ways that will lead to increased student achievement. Bo Yan and Thomas Aberli discuss three root causes for districts’ inability to accomplish the goals (reliance on problem-driven needs as the dominant factor of budgetary decisions, disconnect between financial management and performance management, as well as human nature). They propose a cycle-based approach to district budgeting that rests on differentiating investment from operation expenditures.

The Governance of Companies: A Theoretical Analysis “Evidence from the Tunisian Banking”

This article presents a comprehensive theoretical analysis of corporate governance practices, with a focus on the Tunisian banking sector. Corporate governance is an essential aspect of modern business organizations, impacting their overall performance, sustainability, and transparency. By examining the unique case of the Tunisian banking industry, this study aims to shed light on the intricacies of governance structures in a developing economy? Ahmad et al. (2022). The theoretical framework draws from established models of corporate governance, encompassing agency theory, stakeholder theory, and resource dependence theory. The authors analyze the interplay between shareholders, management, and various stakeholders in shaping decision-making processes, corporate policies, and strategic planning. Employing both qualitative and quantitative research methods, the study delves into the regulatory framework and governance mechanisms adopted by Tunisian banks. By investigating factors such as board composition, executive compensation, and the role of institutional investors, the research provides a nuanced understanding of corporate governance dynamics in the Tunisian context. Furthermore, this article explores the challenges and opportunities posed by the Tunisian banking sector's unique socio-economic landscape. It examines how cultural, political, and institutional factors influence corporate governance practices and impact firms' financial performance and risk management, Chen et al. (2023). The findings of this research contribute to the existing body of knowledge on corporate governance, offering valuable insights for policymakers, regulators, and practitioners seeking to enhance governance practices within the Tunisian banking sector. Moreover, the study's implications extend to other emerging economies, providing a broader understanding of how governance structures can foster sustainable growth and mitigate financial risks in the banking industry. Overall, this theoretical analysis serves as a significant resource for academics, researchers, and professionals interested in the governance of companies, both within Tunisia and beyond, promoting informed discussions and potential improvements in corporate governance practices for the benefit of all stakeholders involved.

Efektivitas Net Interest Margin dan Loan to Deposit Ratio Terhadap Profitabilitas Perbankan

This research examines the effectiveness of Net Interest Margin (NIM) and Loan to Deposit Ratio (LDR) on banking profitability. The study employs a quantitative approach using financial data from a sample of banks over a specific period. Through regression analysis, the study explores the relationship between NIM, LDR, and profitability indicators such as Return on Assets (ROA) and Return on Equity (ROE). The findings suggest a significant impact of NIM and LDR on banking profitability, indicating that these two factors play crucial roles in determining the financial performance of banks. Moreover, the study contributes to the existing literature by providing empirical evidence regarding the effectiveness of NIM and LDR in influencing bank profitability. Understanding these relationships is essential for bank management, policymakers, and stakeholders in making informed decisions related to financial performance and risk management. The results imply that banks should carefully manage their interest margins and loan-to-deposit ratios to enhance profitability and sustain long-term growth. The study underscores the importance of monitoring NIM and LDR dynamics as part of effective banking management strategies

The impact of climate risk disclosure on financial performance, financial reporting and risk management: evidence from Egypt

Where Egypt stand with climate related-risk disclosures and why stakeholders and organizations require such information? This research aims to measure the climate risk disclosure level in Egyptian companies and to investigate its determinants. As unfavorable climatic circumstances create systemic risk for businesses throughout the whole global economy, this research examine how the disclosure of climate change risks affects the financial performance, financial reporting, and risk management. Few studies analyze how climate-related risk affects the financial performance of publicly traded companies in Egypt. This research applies regression models using both quantitative and qualitative methodologies. The information was gleaned from the 2019 through 2022 financial statements of 25 publicly traded companies. According to statistical analysis, there is a significant positive association between the financial performance, financial reporting, and risk management of industrial organizations and the disclosure of climate change. The findings show that the financial markets require precise, thorough, and high-quality information about the effects of climate change. This encompasses the threats and chances posed by increasing temperatures, climate-related legislation, and new technology in our rapidly evolving global environment.

The Influence of Financial Performance And Earning Management on Firm Value (Case Study in the Food And Beverage Industry)

This study aims to analyzes the influence of financial performance and earnings management on company value with the research object being food and beverage companies listed on the Indonesia Stock Exchange (BEI) with an observation period of 2017-2021 Secondary data was obtained from the IDX website, five periods of financial reports were obtained from 41 companies, using a purposive sampling technique, only 24 companies remained. The analysis method uses multiple linear regression with the help of the SPSS program. The independent variables in this research are financial performance and earnings management, with firm value as the dependent variable. The results of this research indicate that the financial performance variable has a significant positive effect on firm value. Likewise, the earnings management variable has a significant positive effect on firm value. Companies need to maintain performance and carry out good earnings management so that firm value is also good.

Analysis of Growth Ratio, Effectiveness Ratio, and Efficiency Ratio in Bandung City

Regional financial performance reflects the quality of financial management performance in a region. This research aims to analyse the financial performance of the Bandung City Government for the 2018-2022 budget year. The analysis was carried out by calculating the growth, effectiveness, and efficiency ratios based on the figures presented in the Bandung City APBD Budget Realization Report. This research uses quantitative descriptive analysis methods. The results of this research show that the financial performance of the Bandung City Government using the growth ratio is still not optimal because in 2020 there was a significant decline. The effectiveness ratio in 2018 and 2019 was categorised as less effective and experienced considerable development from 2020 to 2022 to the practical category. The efficiency ratio is classified as less efficient because the average value for 2018-2022 is 98.91%. The efficiency ratio in 2018-2020 continued to decline to below 100%, but in 2021-2022, it increased again until it reached above 100%, which means it became inefficient.

Factors Affecting Financial Performance in Non-Cyclicals Consumer Sector Companies

This study aims to understand the effects of capital structure, liquidity, corporate size and asset management on financial performance. The data used in this study are secondary data in theform of financial statements. The data analysis method used in this study is multiple linear regression analysis. The sample in this study is Consumer Non-Cyclicals sector companies listed on the Indonesia Stock Exchange (BEI) for the 2019-2021 period. The sampling technique used was purposive sampling and was obtained with 69 company data. Based on research results it can be concluded that capital structure negatively affects financial performance, liquidity has no effect on financial performance, corporate size has no effect on financial performance and asset management has a positive effect on financial performance.

AUDIT CERTIFICATE AND FINANCIAL MANAGEMENT ACCOUNTABILITY INDEX LEVEL OF LOCAL AUTHORITIES IN KEDAH, 2002-2019

Financial Management Accountability Index is a government indicator to empowers the level of financial compliance of public agencies. Previous studies often outlined issues related to leakage and misuse of funds among public officials. Therefore, this article generally examines the financial management performance of Local Authorities or Pihak Berkuasa Tempatan (PBT) in Kedah for the year 2002 to 2019. Several years of data were obtained from the National Audit Report and descriptive analysis in the form of patterns and trends was made to identify the type of audit certificate and accountability index score (IA) of financial management issued by the National Audit Department (JAN) on financial reporting of 11 PBTs in Kedah. The results show that there are no significant differences from the findings by other researchers in the last two decades. It has been found that the majority of 63 per cent (n = 7) PBTs still get a Reprimanded Certificate (UO), often involving record registers such as Vote Book, Capital Assets Register, and Log Book that is not satisfactorily maintained in addition to expenses over approved allocation. However, the overall IA issued by JAN from 2007 to 2019 showed an “Excellent” score of 33.9 per cent (n = 20), a “Good” of 59.3 per cent (n = 35) and a “Satisfactory” of 6.8 per cent (n = 4 ) to 11 PBTs in Kedah. During those 18 years, most of the PBTs in Kedah worked to increase the level of accountability and compliance of their respective financial management shown by better records every year.

TODIM-GRA technique for performance evaluation of financial management in provincial colleges under 2-tuple linguistic Pythagorean fuzzy sets

Higher provincial education is a very important component of higher education, and it will become a key focus of the higher education development in the future. The purpose of performance evaluation of financial management in provincial colleges is to assess and evaluate the current situation of financial management in provincial colleges based on cost-effectiveness principles, with a performance-oriented approach. A specific, standardized, easy to quantify, and operable evaluation system is designed for its fund operation and financial management. By evaluating the financial management performance of provincial colleges, a new assessment standard can be provided for the “input-output result” of public education, providing an important basis for achieving a performance allocation mechanism. The performance evaluation of financial management in provincial colleges is MAGDM. In recent years, the TODIM and grey relational analysis (GRA) technique was employed to deal with MAGDM. The 2-tuple linguistic Pythagorean fuzzy sets (2TLPFSs) are employed as an effective tool for expressing uncertain decision information during the performance evaluation of financial management in provincial colleges. In this paper, the 2-tuple linguistic Pythagorean fuzzy number TODIM-GRA (2TLPFN-TODIM-GRA) technique is constructed to deal with MAGDM under 2TLPFNs. Finally, a numerical example for performance evaluation of provincial colleges financial management is constructed to verify the proposed technique.

Analysis of the Financial Report Performance of the DKI Jakarta Provincial Government for the 2017 – 2021 Fiscal Year (Audited)

Research This study aims to analyze the comparative financial performance of DKI Jakarta Province during the 2017 - 2021 budget year. This study uses descriptive quantitative methods by observing a number of financial ratios including the independence ratio, activity ratio, effectiveness ratio of Regional Original Income (PAD), growth ratio, and ratio efficient use of the budget. The results of the research show that the independence ratio is already participatory with the level of regional capability in the medium category. The activity ratio, based on the activity ratio, the DKI Jakarta Provincial Government prioritizes operating expenditure over capital expenditure. The effectiveness ratio of Regional Original Income (PAD), the financial performance of DKI Jakarta is included in the category effective, which shows that the DKI Jakarta Provincial Government is effective in realizing the source of Regional Original Income (PAD), the growth ratio, from the growth ratio analysis it can be seen that the financial management performance of DKI Jakarta is in the good category, and the efficiency ratio for budget use in 2017 performance was in the efficient category. In 2018-2019 financial performance was inefficient, and in 2020 and 2021 showed less efficient performance. It is hoped that the results of this research will contribute to further research.

The mediating role of sustainable supply chain management on entrepreneurship strategy, social capital and SMEs’ financial and non-financial performance

Research related to entrepreneurial strategy variables, financial and non-financial performance, social capital and supply chain management in SMEs has not been widely carried out in Indonesia. The purpose of this study is to analyze the relationship between entrepreneurial strategy on financial and non-financial performance, social capital on financial and non-financial performance and sustainable supply chain management on financial and non-financial performance in SMES. The research method is quantitative with the online survey method. The data collection method is by distributing online questionnaires to 690 SMEs owners in Indonesia determined by simple random sampling. The questionnaire is designed using a Likert scale of 7. Data processing used structural equation modeling with SmartPLS 3.0 software tools. The results of data processing show that entrepreneurship strategy (ES) had a positive and significant effect on sustainable supply chain management (SSCM), social capital (SC) had a positive and significant effect on sustainable supply chain management (SSCM), entrepreneurship strategy (ES) had a positive and significant effect on SMEs financial and non-financial performance (SFNFP), social capital (SC) had a positive and significant effect on financial and non-financial performance (SFNFP) and sustainable supply chain management (SSCM) had a positive and significant effect on financial and non-financial SMEs financial performance ( SNFFP).